CryptoQuant: MicroStrategy cash down 38%, dividend coverage drops from 7 years to 14 months

While MicroStrategy's (MSTR) annual dividend obligation has increased fourfold to $1.2 billion, its cash holdings have decreased by 38% this year, CryptoQuant reported. The firm noted that as a result, the company's dividend coverage has plummeted from over seven years to just 14 months. CryptoQuant emphasized that MicroStrategy should halt its Bitcoin purchases and increase its cash reserves.